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To: John Donahoe who wrote (78884)9/29/1999 12:06:00 AM
From: GST  Read Replies (1) | Respond to of 164684
 
John -- the bear in gold lasted what -- 18 years? LOL, the bull could last more than a couple of months. Heavens, what if somebody went long gold? Say, heaven forbid, Japan. Or any combination of central banks, individuals and investors. Oh my gosh! There is a production deficit in gold -- only half of which will be made up by central bank sales in coming years. We could easily see gold go up for five years. It is in sort supply -- get it? The short squeeze is just the ramping up process. Who knows how it will play out over a period of years in short supply. Did you know that Goldman Sachs bought half the gold in the New York's warehouses (COMEX)? The price of gold is about as predictable as the price of net stocks were a couple of years ago. Good luck.